Answer:
hope it's help you ok have a good day 
 
        
             
        
        
        
Answer:
1. Option (A) is correct.
2. Option (C) is correct.
Explanation:
1. Micron's entry to record the dividend transaction is as follows:
Cash A/c      Dr. $16,450
To Long - Term Investments  $16,450
(In this case, since the holding interest is more than 20%, Equity method is used)
workings:
Dividend = $47,000 × 35%
                = $16,450
2. The entry to record the receipt of dividend would be:
Cash A/c     Dr. $12,000
To Dividend Revenue A/c   $12,000
(To record the receipt of dividend)
Workings:
Dividend = 3,000 shares × $4 per share
                = $12,000
 
        
             
        
        
        
Answer:
The correct answer to the following question is option B) $2500 .
Explanation:
Given information - 
Proceeds to be received on life insurance - $150,000
Carin receives 10 installments of $17,500 each , which takes total amount to - $175,000 
Premiums paid by Carins husband - $60,000
Carin collected - $17,500 from insurance company
The interest element that would be included in her gross income -
 $175,000 - $150,000
= $25,000
She is receiving payments in form of annuity, and the amount that should be included in her gross income in the first year should - 
$25,000 / $175,000  x  $17,500
= $2500
 
        
             
        
        
        
Answer: Option C 
 
Explanation:  Foreclosure is something that occurs if the mortgage is not paid by a borrower. In fact, it is a judicial process through which the person relinquishes all ownership rights. 
If the owner is unable to settle off the outstanding loans or sell property through a short sale, then the estate will go to an exchange for foreclosure. If the estate does not sell then, it will be taken over by the lender.
When a lender loans you money without any collateral (credit card debt, for instance), it can take you to court for failure to pay, but it can be very hard to collect money from you. 
Lenders often sell this sort of debt to outside collection agencies for pennies on the dollar and write off the loss. This is considered an “unsecured loan.”
 
        
             
        
        
        
Answer:
Date            Account Title                                       Debit          Credit
April             Factory Overhead                           $16,720
                     Indirect materials                                                    $10,500
                     Wages payable                                                       $4,000
                      Utilities payable                                                     $  500
                     Accumulated Depreciation                                    $  620
                     Small tools                                                               $ 370
                      Equipment rental                                                   $ 730